To address international and regional tax issues and taxation policies, the Singapore Management University has launched the SMU-TA Center for Excellence in Taxation (SMU-TA CET) in collaboration with the Tax Academy of Singapore, and with the support of the Inland Revenue Authority of Singapore.
The SMU-TA CET is the first research center of its kind in Singapore. The aim of the center is to produce highly robust research in international and regional tax issues for policy-development and engagement of the international tax community.
“In its 2010 final report, the Committee to Develop the Accounting Sector (CDAS) envisioned that Singapore should be transformed into a leading global accountancy hub," says SMU President Professor Arnoud De Meyer. "One of the main recommendations of CDAS was that Singapore should develop a Center of Excellence in tax."
The new center will be helmed by SMU Professor of Accounting Sum Yee Loong who has more than 30 years of experience in Singapore and international taxation.
“The Tax Academy of Singapore has taken a leading role in facilitating the growth of tax expertise," says CEO of the Tax Academy of Singapore, Eng-Tay Geok Lee.
"Besides providing the essential building blocks in tax education for the tax professionals, the Tax Academy has taken a leap forward by setting up a tax research center with SMU, to provide the platform for knowledge exchange and top quality research for tax experts, academics and practitioners from around the world.”
SMU-TA CET will partner members of academia, industry leaders and government officials to produce multidisciplinary research on international taxation, from legal, economic and public policy perspectives.
The center will receive the support of a soon-to-be established Technical Advisory Panel comprising leading academics and key practitioners, both local and international, with extensive experience and knowledge of global tax trends and issues.
The expert advisers will provide technical expertise and guide the SMU-TA CET towards identifying constructive research agenda and producing quality research.
Centre Director Professor Sum shared that the center will first tackle projects on international tax issues that are relevant to Singapore and Asian economies, and look into the impact of the changing global tax landscape on the region’s economic competitiveness.
Plans are also in the pipeline for the center to develop a post-graduate programme in international tax.